Storage Business Owners Alliance
(248) 254-9000
Login  |  Join Now!
Twitter - Follow us on Twitter! Facebook - Look us up on Facebook! LinkedIn - We’re Linked! YouTube -
Featured Deal of the Month: May 2017
Posted 5/1/2017
 
print this article print    Email A Friend email    Share with Twitter   Share with Facebook   Share with LinkedIn   Share with del.icio.us   Share with Newsvine   Share with Reddit   Share with StumbleUpon   Share with Technorati  

The BSC Group recently secured two separate loans totaling $6.93 million for a Texas-based client. Loan proceeds were used to refinance maturing debt on the assets, which were located in Houston and Beaumont, TX. The new non-recourse loans both featured a seven-year fixed rate term with interest rates in the low four percent range. Both loans featured one year of interest only payments followed by a 27-year amortization as well as a flexible “step down” prepayment schedule that could be accelerated in the event of a future sale of the assets during the term of the loan. In addition, the loans offered a rate lock at application and closed on schedule with no changes from application within 45 days of starting the process.

Featured Vendors:
Contact us
News - Storage Business Owners Alliance

Storage Business Owners Alliance
30665 Northwestern Highway
Suite 100
Farmington Hills, MI 48334 USA
www.thesboa.com

Phone: (248) 254-9000
Fax: (248) 538-4327
Email: info@thesboa.com